Apr

San Diego California Housing Recovery?

San Diego home sales

California experienced a 59 percent peak-to-trough decline in price, hitting bottom in 2009 versus a 29 percent peak-to- trough decline experienced by the national market. Some economists believe this steep decline indicates the state is further along in its return to a normal market than the national market. Read more

Nov

A San Diego 2009 Real Estate Market Recovery?

San Diego housing recovery - brokerforyou.com

San Diego real estate appreciation will never be the same without insanely-loose credit. Where will the spending for a housing recovery come from? People are tightening their belts, and it's not a temporary thing.

Our lifestyles have to change, and it's going to be ugly combined with all the other factors (like $51 trillion in unfunded government liabilities).

If a San Diego housing recovery means getting back to 2005 highs, that seems unlikely in the next 2 to 3 years; maybe in 8 to 10 years. Stimulus packages and bailouts may allow the San Diego housing recovery pipe-dream to continue a little longer, but confidence is broken and mortgage lender responsibility is out the window.

I know this forecast is not something that any San Diego homeowner wants to hear right now, but it's a harsh possibility that we all have to accept.

It would be better for the news outlets, politicians, pundits, realtors, et al., to start telling people the truth, rather than filling their heads with pipe dreams, whilst they attempt to thwart reality and prolong the inevitable.

Needless to say, I hope I’m wrong and 2009 is the long awaited return to San Diego annual real estate appreciation.

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